Brothers Harry and Sam Hargraver began Operations of their tool and die shop on January 1, 1987, in Meadville, PA.

The annual reporting period ends December 31. Assume that the trial balance on January 1, 2023, was as follows:	Trial Balance
	January 1 ,2023
Account Titles	Debit	Credit
Cash	6000
Accounts receivable	5000
Supplies Inventory	13000
Land
Equipment	78000
Accumulated Depreciation (equipment)		8000
Other noncurrent assets (not detailed to simplify)	7000
Accounts payable
Wages payable
Interest payable
Dividends payable
Income taxes payable
Long-term notes payable
Common stock (8000 shares, $0.50 par value)		4000
Additional paid-in capital		80000
Retained earnings		17000
Service revenue
Depreciation expense
Supplies expense
Wages expense
Interest expense
Income tax expense
Miscellaneous Expenses
Totals	109000	109000

Prepare journal entries for transactions (a) through (l) and post them to the T-accounts.

Transactions during 2023 follow. All dollars are in millions, except number of shares and per share amounts: a. Borrowed $15 cash on a five-year, 8 percent note payable, dated March 1, 2023. b. Sold 4 million additional shares of common stock for cash at $1 market value per share on January 1, 2023. c. Purchased land for a future building site; paid cash, \$13. d. Earned $215 in revenues for 2023 , including $52 on credit and the rest in cash. e. Incurred $89 in wages expense and $25 in miscellaneous expenses for 2023 , with $20 on credit and the rest paid in cash. f. Collected accounts receivable, $34. g. Purchased other noncurrent assets, $15 cash. h. Purchased supplies on account for future use, $27. i. Paid accounts payable, \$26. j. Declared cash dividends on December 1,$25. k. Signed a three-year $33 service contract to start February 1, 2024. l. Paid the dividends in (j) on December 31